Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

4 Reasons to Buy Costco Stock Like There's No Tomorrow

TheMotleyFool

0 0

4 Reasons to Buy Costco Stock Like There's No Tomorrow: https://g.foolcdn.com/editorial/images/774732/shopper-grocery-cart.jpg

Costco (NASDAQ: COST) has been one of the market's most resilient retail stocks since its public debut in 1985. The warehouse retailer endured four major U.S. recessions while turning a $1,000 investment in its IPO into more than $436,600.

That was an incredible run, but cautious investors might be hesitant to buy Costco today because it looks a bit pricey at 46 times forward earnings. So today, I'll discuss four reasons it deserves that premium valuation -- and why it could head higher.

Image source: Getty Images.

Source Fool.com

Like: 0

COST

Share